The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1887-09-01
The Cotton MoVcm ont.

The Cotton MoVoment.
The Now York Financial Chronicle, in
It's review of the movement of the cotton
crop for the week ending on the night
of August II, says that the total receipts
have reached 9,G48 bales, against 7,27O
bales last week, 1,499 bales the pre-
vious week, and 1851 bales three weeks
since; making the total receipts since
the lst September, 1886, 5, 223, C97 bales,
against 5,3337, ,6lS bales for tho same
period of 1856, showing decrease since
September ], 1886, Of III, 521 bales.
The old interior stocks have decreased
Friday night, %, GG4 bales less than at
the same period last year. The receipts
at the same towns have been SO5 bales
less than the same week last year, and
since September l the receipts at all the
towns are 1928 bales Jess than for the
same time in 1856.
The total sales for forward delivery
for the week orc 312, 900 bales. For i'm
mediate delivery the total sales foot up
9,259 bales, including 4,1S5 for export,
6,O74 for home consumption.
The exports for the week reach a total
of Pill bales, Of which "a, $50 wero to
Great Britain, $50 to France, and 2,37l
to the rest of the continent.
The imports into continental ports
for the week have been 10000 bales.
These figures indicate an increase in
the cotton in sight of 72, 79G bales as
compared with the same date of 1856,
an increase of 1927 bales as compared
with the corresponding date of 1885,
ard q decrease of 3l7,S bales as com
pared with 1884.
The total receipts from the plantations
since September !, 1856, arc 5,198, 023
bales; in 1856 werc 5,3G9,3lO bales; in
1S84-5 were 4,74G,U90 bales. Although
the receipts at the outports the past
week were 9,G49 bales, tue actual move
ment from plantations was only S,CG8
bales, the balance Ecing taken from the
stocks at the interior towns. Last year
the receipts from the plantations for the
same week were 7,Sl4 bales, and for
1885 they were $3.50 bales.
The foregoing shows the weekly con-
sumption in Europe is now 140, 900 bales
Of 400 pounds each, against 1880
bales of the same weight Mt the CORES
poDding time last year. The total spin
ners' stocks in Great Britain and on the
continent have decreased l33, 600 bales
during the month, and are now #, 900
bales in excess Of last season.
The Chronicle says that cotton for fu-
turc delivery at New York has been quiet
for the week under review. The alb
sence of active infiuences-or rather with
active influences nearly balancing each
othcr-has prevented any wide nuctua-
tlons. The dominant spirit of the cot
ton exchange has been bcarish; and yet
but small impulse was required to
cause the "shorts" to cover with some
appearance Of eagerness. 1t was not,
however, until Wednesday afternoon,
when the full business for export and
home consumption on that day WAS re-
ported, that the bulls showed any degree
of confidence. Then tho continued
small receipts at interior towns, the
small stocks South, and the rapid reduc-
ton of supplies in Now York, together
with the growing belief that Now Eng
land splnnors are carrying but small
stocks of cotton, caused quick advance,
with comparatively free buying for Sep
tembcr. Thursday there was very little
change; tue speculation was sluggish,
but the distant options attracted more
attention. Friday the market opened
dull, but soon became active and buoy
ant on a better closing at Liverpool and
the strong statistical position of our
home markets. Cotton on the spot has
shown good degree of activity, tho
buying having been quite free for ex-
ports as well as for home consumption.
Quotations were reduced &c. on Monday
and advanced l-1Gc. on Thursday. Fri
day there was again liberal businos for
export, with steady buying for spinncrs,
and the market closed firm at 11-1Gc.
for middling uplands.
The Chronicles s weather reports, which
are very full and accurate, indicate thnt
over a very large portion of Texas drouth
has caused considerable damage, and
that in some sections of other States in
jury is resulting through worms, rust and
shedding. In the remaining districts,
however, and in the Atlantic States in
particular, tho crop condition continues
quite satisfactory. Picking is making
good progress.